Question

The following extract was taken from the worksheet of Special Events Bakers for the year 2019....

The following extract was taken from the worksheet of Special Events Bakers for the year 2019.


Special Events Bakers


Worksheet


December​ 31, 2019


Account Names

Cash

Equipment

Accumulated Depreciation

−

Equipment

Unadjusted Trial Balance


Debit              Credit


$6,700                          


15,700                           


                           $7,500


Adjusted Trial Balance


Debit              Credit


$6,700                          


15,700                           


                           $10,000


For the above​ information, determine the amount of Depreciation Expense for the equipment used in the business.

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